Rogers Communication, Inc. $RCI Shares Sold by Everett Harris & Co. CA

Everett Harris & Co. CA decreased its position in shares of Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 13.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 19,140 shares of the Wireless communications provider’s stock after selling 2,870 shares during the quarter. Everett Harris & Co. CA’s holdings in Rogers Communication were worth $568,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. increased its holdings in shares of Rogers Communication by 303.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,538,620 shares of the Wireless communications provider’s stock worth $148,047,000 after acquiring an additional 4,166,861 shares during the period. Platinum Investment Management Ltd. bought a new position in Rogers Communication in the 2nd quarter worth about $77,687,000. Canada Pension Plan Investment Board increased its stake in shares of Rogers Communication by 373.1% in the first quarter. Canada Pension Plan Investment Board now owns 2,870,559 shares of the Wireless communications provider’s stock valued at $76,671,000 after purchasing an additional 2,263,859 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Rogers Communication by 380.4% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,348,091 shares of the Wireless communications provider’s stock valued at $62,717,000 after buying an additional 1,859,288 shares during the last quarter. Finally, Canoe Financial LP boosted its position in shares of Rogers Communication by 550.0% during the second quarter. Canoe Financial LP now owns 1,421,228 shares of the Wireless communications provider’s stock worth $42,186,000 after buying an additional 1,202,579 shares during the period. Institutional investors own 45.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on RCI. Barclays raised their target price on Rogers Communication from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Monday. Cowen reissued a “buy” rating on shares of Rogers Communication in a report on Friday, October 24th. Scotiabank restated a “sector perform” rating on shares of Rogers Communication in a research note on Monday, October 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Rogers Communication in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $36.00.

Rogers Communication Price Performance

Shares of Rogers Communication stock opened at $38.39 on Thursday. Rogers Communication, Inc. has a 52 week low of $23.18 and a 52 week high of $40.26. The company has a current ratio of 0.62, a quick ratio of 0.59 and a debt-to-equity ratio of 1.55. The stock has a market cap of $20.74 billion, a PE ratio of 4.27, a price-to-earnings-growth ratio of 3.29 and a beta of 0.81. The company’s 50-day moving average price is $36.64 and its two-hundred day moving average price is $32.57.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.07. Rogers Communication had a net margin of 32.49% and a return on equity of 17.14%. The company had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $5.33 billion. During the same quarter in the previous year, the company posted $1.42 EPS. The business’s revenue was up 4.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Rogers Communication, Inc. will post 3.57 EPS for the current fiscal year.

Rogers Communication Profile

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.